6 Questions
Where do most schools get their money from?
The government
What is the term for the tax that is applied when you buy something like a new phone?
Value Added Tax (VAT)
What is the purpose of taxes on fizzy drinks, alcohol, and cigarettes?
To discourage people from consuming harmful products
What type of tax is council tax?
Property tax
Approximately how much does the government expect to raise in a year from taxes?
£750 billion
What does income tax refer to?
Tax on income earned from work
Learn about how schools and other public services are funded, including where the money comes from and how taxes like Value Added Tax (VAT) contribute to financing these services.
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